Question

explain some role of small business in rural India.

Answer 1

some of the main feature of the role of small business in the development of the rural areas:

1.More employment: These are labour oriented Enterprise .thus, more labour is required in this industry.In the rural area ample labour is available .some of the people in rural areas remain unemployed for the whole year,some other do farming for a part of the year and reamain idle for the rest of the period.Small business are helpful to provide employment for both the categories of these people.

2.Economic strength:Small business provide Economic Strength to the rural areas in the two ways . Firstly,in these business a limited amount of capital and other resources are required.Secodaly,they provide employment to the unemployed .So they come out of the Trap of unemployment and become financially.

3.Better utilisation of local resources :In rural areas resources like labour, Barren land ,raw material either remain unutilised or used in a very less quantity.With the establishment of small industry better utilisation of these resources is possible .


4.Equal distribution of income:With the establishment of these business the income of the country is not just concentrate with some handful city Industrialist but it is also distributed among many small rural Industrialist.This help to reduce the gap between the rich and the poor in the country .

5.Promotion of standard of living :With the establishment of a small business in the rural,villages get many types of facilities like employment ,electricity water ,roads, education ,Bank Modes of transport ,etc.In such a situation promotion of the standard of living is certain..

hope this will help u...

Answer 2

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Here's , ur answer :-


⏺️Industrial units =) In an economy so enormous as India, 95% of the industrial units in the country consist of small business and 40% of total industrial output is contributed by these small industries. Again, small businesses bag around 45% of the total exports from India.


⏺️Labour-oriented =) Small business provides immense opportunities in the rural and semi-urban areas. The weight of the unemployment faced by the Indian economy is lifted by these small businesses. It is one of the most important roles of them. Like any other economy having a large labour force, the Indian government also encourage the operations of small businesses to utilise the labour by drafting policies and establishing low loan interest rates.


⏺️‎Human resource =)After agriculture, small businesses are the second largest employment provider in the Indian economy. In comparison to big corporations, small businesses generate the most number of employment opportunities per unit of capital invested. Therefore, they are the second largest generators of employment in human resource.


⏺️Utilisation of local resources =) The awareness of needs and demands of the local community make the small businesses emerge in rural and semi-urban areas. Small business is community-based and generally focused on fewer areas.

This gives the opportunity to the businesses to utilise the local resources like raw material, local talent, labour and demographic opportunities. The utilisation and the mobilisation of the local resources help elevate the economic condition of that particular area.


⏺️Flexible and Adaptable =) New business opportunity is captured at right time. The strength to adapt and grow in the face of upcoming changes gives an edge to the small businesses. Also, being the manufacturer and distributor, small businesses develop a sense of personal touch with the area of business and their customers. Limited in size and finance, there is little or no government intervention.

Any business whether small, medium or large has its opportunities and challenges. Every coin has two sides and every line has a lineage.

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